Recent Updates
-
W.Va. court rejects bid to halt Massey Energy sale
Business Law 05/31/2011The West Virginia Supreme Court has declined to issue an order barring Massey Energy shareholders from voting on a proposed $7.1 billion sale to rival coal producer Alpha Natural Resources.The court says in a ruling issued Tuesday it lacks jurisdicti...
-
Hartford Courant wants plagiarism suit dismissed
Business Law 05/24/2011Lawyers for The Hartford Courant say in recently filed court documents that a $7.5 million plagiarism lawsuit filed by a competing newspaper should be dismissed because no copyright laws were broken.The motion to dismiss filed on May 4 in Hartford fe...
-
AIG, Treasury offering 300M shares worth $9B
Business Law 05/13/2011Bailed-out global insurance company American International Group Inc. and the federal government are offering to sell a total of 300 million AIG shares to the public. The stock sale would be a big step by the government toward disentangling itself fr...
-
LA lawsuit claims Deutsche Bank is 'slumlord'
Business Law 05/05/2011The city attorney sued Deutsche Bank on Wednesday, claiming the giant international lender illegally evicted tenants from foreclosed properties and left dozens of homes and apartments to rot, many in low-income neighborhoods. The suit, filed in Los A...
-
Lawsuit over fish pedicures heads to Arizona court
Business Law 04/26/2011The Arizona Court of Appeals plans to hear arguments Wednesday on a civil lawsuit involving a Gilbert spa owner whose clients paid to have fish eat dead skin off their feet.The case was filed by the Goldwater Institute on behalf of spa owner Cindy Vo...
-
Community Health makes all-cash bid for Tenet
Business Law 04/19/2011Hospital operator Community Health Systems Inc. on Monday revised its $3 billion offer for rival Tenet Healthcare Corp. to an all-cash bid. Community Health is now offering $6 per share in cash. In December, it had gone public with a bid of $5 per sh...
-
S&P cuts long-term outlook for US debt to negative
Business Law 04/17/2011Standard & Poor's Ratings Service cut its outlook Monday on the United States' sovereign debt, saying there is a one in three chance it will downgrade the rating on the debt in the next two years. The agency lowered the long-term outlook to "Nega...
-
Attorneys for NFL players meet with judge
Business Law 04/12/2011Attorneys for the locked-out NFL players arrived at federal court on Tuesday to meet with the judge who will oversee court-ordered mediation with the league.The attorneys met with U.S. Magistrate Judge Arthur Boylan, with Hall of Fame defensive end C...
-
IBM files court motion to depose Daniels, aide
Business Law 03/31/2011Gov. Mitch Daniels and his chief of staff were both deeply involved in Indiana's decision to outsource the automation of welfare intake, and they should provide depositions in lawsuits over IBM Corp.'s cancelled $1.37 billion contract in the project,...
-
Delaware court upholds Barnes & Noble ruling
Business Law 03/04/2011The Delaware Supreme Court has rejected an appeal by billionaire Ron Burkle in a lawsuit challenging a poison pill plan adopted by Barnes & Noble Inc. after he doubled his stake in the company.After hearing arguments Wednesday, the court on Thurs...
-
Murdoch firm to pay Insignia $125 million
Business Law 02/10/2011Rupert Murdoch's News America Marketing has agreed to pay a whopping $125 million to settle a years-long lawsuit brought by tiny Insignia Systems Inc. that alleged Murdoch's people unfairly interfered and lied in attempt to take business from the Ply...
-
Ex-Va. business owner admits unemployment scam
Business Law 02/02/2011A former business owner has pleaded guilty to scamming the Virginia Unemployment Compensation Program to pay his employees.Timothy Lynn Skinner pleaded guilty Tuesday in federal court in Roanoke to theft of public money.U.S. Attorney Timothy J. Heaph...